Platinum Completes Acquisition of Pathcom

January 10, 2014 04:22 PM Eastern Standard Time

CALGARY, Alberta--(BUSINESS WIRE)--Platinum Communications Corporation (TSX-V: PCS) announced today
that it has completed the previously announced acquisition of the
management group, engineering team and operating assets of Pathcom
Wireless Inc. (Pathcom) for $800,000 by payment of $600,000 cash
and a promissory note for $200,000.

With this complementary acquisition Platinum will strengthen its
wireless engineering expertise; enhance and diversify its revenue
streams; and, augment its high capacity broadband presence in the Peace
River and Fort McMurray regions in Northern Alberta.

ABOUT PLATINUM COMMUNICATIONSPlatinum Communications Corporation
(TSX-V: PCS) is a leading provider of superior quality fixed wireless
Internet and Broadband solutions in Alberta. Based in Calgary, Platinum
operates a custom-built wireless broadband network that utilizes
Next-Generation WiMax technology to bring fast, reliable and affordable
Internet services and digital phone solutions to residents and
businesses across the Province using licensed and unlicensed spectrum
that extends from north of Grande Prairie to the Alberta/US border and
from Medicine Hat to Banff. Platinum caters to urban, rural and remote
markets that are often beyond the reach of traditional Internet
providers. For more information, please visit our website at www.platinum.ca
or call 403-301-4591.

This news release may contain forward-looking statements. These
forward-looking statements do not guarantee future events or performance
and should not be relied upon. Actual outcomes may differ materially due
to any number of factors or uncertainties, many of which are beyond
Platinum's control. Some of these risks and uncertainties may be
described in Platinum's corporate filings (posted at www.sedar.com).
Platinum has no intention or obligation to update or revise any
forward-looking statements due to new information or events. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.